Palm Phones Return… Palm Pre 2, With webOS 2.0 (HPQ, AAPL, GOOG, VZ)

Photo of Jon C. Ogg
By Jon C. Ogg Updated Published
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Invalid Image
Hewlett-Packard Co. (NYSE: HPQ) acquired Palm Inc. earlier in the year and there has been no new release, no new phones, and no new direction announced.  Until now.  H-P is showing off the Palm Pre 2 as the first new product since the Palm acquisition.  The release is in conjunction with the introduction of webOS 2.0.  We wanted to take a closer look since all the smartphone headlines in the world revolve around Apple Inc. (NASDAQ: AAPL) for iPhones and Google Inc. (NASDAQ: GOOG) for Android.

HP said that the Palm Pre 2 availability status is “Coming Soon on Verizon Wireless” at via Verizon Communications Inc. (NYSE: VZ), implying that the phone will arrive at Verizon stores in the coming weeks or months.

After taking a look at the website geared for the launch, the device looks extremely similar to the first edition of the Palm Pre.  It is also just matter of preference on use and interface because much of the same features are on competing smartphones.  Some benefits are the multi-tasking features that are easier than on many other smartphones as well as the keyboard and touschreen choice.  Another feature that is back is the touchstone charging device rather than a direct plug-in option for charging the phone.

Palm was a classic take-under by many counts rather than a highly aggressive takeover.  HP was the logical buyer because of 3Com and the old ties between 3Com and Palm.  So far, there has hardly been a peep about anything tied to Palm as Apple and Google seem to steal all the smartphone headlines.

Unless a day comes where the world is looking at Palm and H-P as the coolest smartphone device out there, then this is not going to generate enough to significantly move the needle at a company as large as H-P.

JON C. OGG

Photo of Jon C. Ogg
About the Author Jon C. Ogg →

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.

Continue Reading

Top Gaining Stocks

AKAM Vol: 21,556,944
MU Vol: 65,135,624
INTC Vol: 227,504,426
MNST Vol: 15,284,847
DELL Vol: 12,167,525

Top Losing Stocks

MSI Vol: 3,101,643
EXPE Vol: 4,189,786
CTRA Vol: 73,319,495